Investors Asset Management of Georgia Inc. GA ADV Takes $34,000 Position in Putnam Master Intermediate Income Trust (NYSE:PIM)

Investors Asset Management of Georgia Inc. GA ADV acquired a new stake in shares of Putnam Master Intermediate Income Trust (NYSE:PIM) during the 4th quarter, Holdings Channel reports. The firm acquired 10,613 shares of the company’s stock, valued at approximately $34,000.

Several other institutional investors have also recently made changes to their positions in PIM. WealthShield Partners LLC acquired a new position in shares of Putnam Master Intermediate Income Trust during the fourth quarter valued at about $32,000. IFG Advisory LLC bought a new stake in shares of Putnam Master Intermediate Income Trust during the fourth quarter worth about $34,000. Logan Stone Capital LLC bought a new stake in shares of Putnam Master Intermediate Income Trust during the fourth quarter worth about $38,000. Landscape Capital Management L.L.C. bought a new stake in shares of Putnam Master Intermediate Income Trust during the third quarter worth about $39,000. Finally, Raymond James & Associates bought a new stake in shares of Putnam Master Intermediate Income Trust during the fourth quarter worth about $45,000. Institutional investors and hedge funds own 55.06% of the company’s stock.

Putnam Master Intermediate Income Trust Price Performance

NYSE:PIM opened at $3.10 on Friday. The firm has a 50-day moving average of $3.18 and a 200-day moving average of $3.13. Putnam Master Intermediate Income Trust has a one year low of $2.90 and a one year high of $3.28.

Putnam Master Intermediate Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 24th will be given a $0.022 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 8.52%. The ex-dividend date of this dividend is Tuesday, April 23rd.

Putnam Master Intermediate Income Trust Profile

Putnam Master Intermediate Income Trust is a closed ended fixed income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in the fixed income markets of the United States. The fund invests in bonds of companies operating across diversified sectors.